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OpenAI is a $1 billion nonprofit dedicated to Artificial Intelligence research

Artificial Intelligence is going non-profit. Today, a research company dedicated named OpenAI officially declared it was open for business.

As for why OpenAI exists, the company summed it up in a blog post:

AI systems today have impressive but narrow capabilities. It seems that we’ll keep whittling away at their constraints, and in the extreme case they will reach human performance on virtually every intellectual task. It’s hard to fathom how much human-level AI could benefit society, and it’s equally hard to imagine how much it could damage society if built or used incorrectly.